I think I may have completely missed the point here. So, this CEX.IO is some sort of "Cloud Mining" operation where I don't actually use my computer to mine directly using my GPU? Wow, it gets even more complicated! A trading platform for derivatives of a crypto currency!? More complicated than Credit Default Swaps. CEX sound like a bizarre Bitcoin Spreadbetting company. If their rig is profitable enough to pay customers a profit whilst paying CEX big commissions, why aren't CEX just keeping the initial huge mining profits to themselves instead of sharing it with others? I just don't know how it can be possible to generate all of this profit from zero investment? If it is this good (turning £2.79 into about £20 in a few days), why not put say £100 into it and make an absolute fortune? Am I missing something?
Sorry, to seem negative, but it all seems far too good to be true at the moment.
I note the 3% referral commission at CEX.IO
Up until that point, I had wondered how you were going to monetise the blog.
Here is a good YouTube explanation of cloud mining - part of a series explaining all about Bitcoin mining https://www.youtube.com/watch?v=Bd1doftVUHg
CEX.IO seems to get a lot of bad press? http://www.reddit.com/r/Bitcoin/comments/1uscfc/stop_buying_cloud_mining_at_cexio/
The world has truly gone mad!